It appears that beloved online culinary retailer Chef’s Catalog may only be MOSTLY dead. The Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that it has acquired the inventory, equipment and intellectual property assets of CHEF’S Catalog, including brands, trademarks and domain names.
Until recently, CHEF’S Catalog operated as an independent multi-channel specialty retailer of high-end, branded and private label cookware products through its catalog and online channel. While historically focused on branded, luxury kitchen goods, the company built and maintained its own CHEF’S private label.
The CHEF’s brand ultimately became its top selling brand by 2014, accounting for well over half of product volume. The company’s private label offerings included approximately 1,000 unique SKU’s.
“We are excited to acquire one of the premier brands in the kitchen goods area. CHEF’s is known for its high product quality, desirability and design, which provides a strong foundation for the brand’s future growth,” stated Jim Lightburn, Managing Director, Gordon Brothers Group.
Gordon Brothers Group has begun searching for buyers of the assets, including but not limited to the warehouse equipment, rolling stock and excess inventory.
This transaction represents Gordon Brothers Group’s latest brand acquisition, having previously purchased Polaroid, The Sharper Image, Linen’s N Things, The Bombay Company and Coby Electronics, among others.
For those, like myself, who don’t know them, Gordon Brothers Group (www.gordonbrothers.com), founded in 1903, is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. The Gordon Brothers Group has a history of rescuing/acquiring both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods.
*Update – I received some scuttlebutt that Gordon Brothers Group has sold the Chefs Catalog intellectual property to retailer “Tuesday Morning” and that the Chefs product designer has been brought on board. Perhaps we’ll be seeing Chefs branded items on Tuesday Morning’s shelves before long.